Here are the 3 big things we're watching in the stock market in the week ahead
CNBC Top News ·

It may be a holiday-shortened week of trading on Wall Street. But the four days are filled with updates on some of the market's biggest debates: Is AI eating software? Is the American consumer OK? …
It may be a holiday-shortened week of trading on Wall Street. But the four days are filled with updates on some of the market's biggest debates: Is AI eating software? Is the American consumer OK? And what's happening with inflation? Let's get into it. 1. Earnings: Salesforce reports on Wednesday night. Unfortunately, the stock has not become any less of a battleground since its last earnings report in late February. The fears that artificial intelligence will disrupt its business are alive and well, as Bank of America's sell call on the stock last week shows. The stock chart shows it too. The reality is, Salesforce won't vanquish these existential concerns with one strong earnings report Wednesday. But a journey of a thousand miles begins with a single step, and Jim Cramer has said we're willing to give CEO Marc Benioff a chance to show progress. So, what would a step in the right direction look like? It starts with strong revenue growth for Agentforce, its platform for building AI agents capable of taking action with limited human intervention. In February, Agentforce was doing $800 million in annual recurring revenue, about 2% of its total, and more than 29,000 deals had been closed since launch. Where are these numbers now? The reaction Friday to Workday's quarter indicates the market is capable of celebrating a good software quarter. At the same time, investors are worried about slowing growth in Salesforce's legacy business, where it relies on seat-based licenses. …
Original source: CNBC Top News
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